Tuesday 11, October 2011 by
Qatar investor acquires KBL epb, KBC’s private banking subsidiary
The KBC group said it has reached an agreement with Precision Capital for the sale of its dedicated private banking subsidiary KBL European Private Bankers (KBL epb) for a total consideration of EUR 1.050 billion ($1.43 billion), EUR 50 million ($68.1 billion) of which depend on the results of KBL epb ‘conditional earn out’.
